Bitcoin BTC/USD is trading at 17472. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 17100, from which it is expected to rebound and attempt to continue growth with the target near 20600. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Bitcoin forecast & analysis BTC/USD on December 20, 2017
Earlier, a strong signal was received for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 15200. The abolition of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 15800, which will indicate a bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 19700.
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